June 18th, 2024

China’s exports grow 7.6% in May, beating expectations despite trade tensions

By Zen Soo, The Associated Press on June 6, 2024.

HONG KONG (AP) – China’s exports for May beat analyst expectations despite trade tensions, though imports shrank, according to customs data released Friday.

Exports jumped 7.6% in May from the same time last year to $302.35 billion. Imports however rose by 1.8% to $219.73 billion, missing estimates of about 4% growth.

In comparison, exports grew by 1.5% in April compared to the same period last year while April imports rose by 8.4%.

Strong exports also saw China’s trade surplus widen to $82.62 billion, up from April’s $72.35 billion.

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